Feeds

Speculation mounts over Lucent and Ascend

Acquisition set to rival Cisco

  • alert
  • submit to reddit

High performance access to file storage

Lucent Technologies, the telecommunications equipment maker, yesterday moved into the communications software arena amid mounting speculation of a $16 billion merger with Ascend Communications. Lucent has already splashed out $1.48 billion to acquire telephone billing software manufacturer Kenan. But rumours were still rife that a far more consequential deal could be on the cards with US data networking group Ascend. Today’s Financial Times reported the long-rumoured Ascend deal should be announced within days. Valued at around $151.6 billion, Lucent could pay more than $80 a share for stock in Ascend – which has a market value of about $15.5 billion. The partnership would challenge networking giant, and top Lucent rival, Cisco. Buying Ascend would fill the networking gap in Lucent’s product portfolio. It would gain access to Ascend technology, backed up by Lucent’s weighty financial resources and large sales force. Lucent, spun-off from AT&T in 1996, was said to have been working closely with Ascend for months. Industry sources said that Lucent was waiting for its stock to hit the right level before it could offer Ascend a worthwhile deal. ®

High performance access to file storage

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Nokia offers 'voluntary retirement' to 6,000+ Indian employees
India's 'predictability and stability' cited as mobe-maker's tax payment deadline nears
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
Adrian Mole author Sue Townsend dies at 68
RIP Blighty's best-selling author of the 1980s
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Analysts: Bright future for smartphones, tablets, wearables
There's plenty of good money to be made if you stay out of the PC market
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.